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Intel Surges 114% in April on Strong Earnings and AI Optimism

GateNews

Stocks AI Industry News

2026-05-01 00:31:35

According to CNBC, Intel’s stock surged 114% in April, marking its best month on record, driven by stronger quarterly earnings and renewed investor optimism about its AI-related recovery. Shares jumped 24% on April 24 after CEO Lip-Bu Tan announced that quarterly revenue rose more than 7%, while demand for data center CPUs exceeded supply. The rally follows a 60% stock decline in 2024. Intel is undergoing restructuring, including a 15% workforce reduction and delays to its Ohio manufacturing facility until 2030.

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